Leader Cantor Statement In Opposition To A Clean Debt Limit Increase
June 1, 2011
Contact: Doug Heye, Megan Whittemore
202-225-4000

WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) issued the following statement regarding the clean debt limit increase that failed in a House vote tonight 318 to 97:

“Tonight’s vote illustrates that there is no support in the People’s House for a debt limit increase without real spending cuts and binding budget process reforms. At a time when we continue to borrow 40 cents of each dollar we spend and our debt is more than $14 trillion, the families and business owners throughout the country want Washington to begin to live within its means and stop maxing out the credit card. Hopefully this vote will illustrate to Treasury Secretary Geithner and the 110+ House Democrats who’ve demanded a clean increase that this approach is not acceptable or responsible. I look forward to continuing to work with Vice President Biden and our bipartisan group of Congressional leaders on the debt limit negotiations to produce a product that will achieve trillions in spending cuts and begin to put our country on the path to long-term fiscal health.”